Ideals’ virtual data rooms is a robust, comprehensive and user-friendly software for managing data. It is ideal for every business that requires the transfer, storage or management massive amounts of data in a safe online environment. This includes due diligence, full-length M&A operations, corporate bidding, capital raising as well as restructuring and bankruptcy IPOs and board management.
The user-friendly interface of the platform is easy to set up and understand for both the CFO and the accountant at entry level. It offers one-click data population, granular document permissions and two-factor authentication. The system also supports 14 languages as well as scroll-through capabilities to allow easy navigation between thousands of documents.
Audit reports that are thorough give administrators complete data room life sciences information about the activities on the platform. Administrators can track the number of users logged in, their time spent on the site and the amount of documents they have viewed. They can also deprive access rights to documents even after they have been downloaded. In addition, the system enables administrators to establish security policies for security of passwords as well as file expiration.
The system automatically categorizes users according to their position within the project. Answers are provided to experts without divulging the PII of the who submitted the question. During the answering process participants can speak in private and refer to documents with just a mouse click, which improves accuracy. The system lets answering coordinators change workflows and assign experts. They can also add comments to questions and provide quick references to files in the virtual data room, which makes the answering process more efficient.